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BTW, when I hear this constant litany of "Bush tax cuts", I am struck by the tendency to refer to political acts by their author, no matter how many times a later President affirmed them by extending them.
Except, if Obama manages to let his extensions expire despite all Republicans' attempts to make them permanent, that act won't be called the Obama tax increases.
With this in mind, the more proper name for the original act, should be "The Bush rollbacks of the Clinton tax increases of 1993", shouldn't they?
LMAO..This is one of the most hilarious posts ever written.
Keep in mind that the only reason there's an expiration date on those tax cuts at all, is because various Democrats refused to vote for it unless he put in an expiration date, ten years after he passed them. Originally, George Bush designed them to be permanent cuts, that would not expire.
Republicans have since successfully enacted delays in the expiration but have been unable to eliminate it, due to Democrat insistence that they expire.
Now we are coming up on that (delayed) expiration date, on Jan. 1, 2013. Republicans have again been fighting to get rid of the expiration, but Democrats have been insisting that the expiration take place. Most recently, the Democrat have been saying that they must expire for higher incomes only, while Republicans have stuck to their insistence that nothing expire - that the tax cuts remain permanent.
In a crowning absurdity, Democrat have now announced that it's Republicans' fault that the tax cuts will expire! And this after more than ten years of Republicans trying to get them to get rid of the expiration date and make the cuts permanent, while Democrats, after putting the expiration date in in the first place, have steadfastly fought to make sure the DID expire.
You voted for it, Demmies. Now you can lie in it. And they do, they do.
These are tax RATES. They can be changed at anytime by the Congress. They did not need an expiration date althought the Democrats insisited on the date for the automatic tax INCREASE to take affect without having to lift a finger.
When the tax cuts were first put in place, Democrats insisted that they expire later. And now they are about to, thanks to those Democrats.
Republicans have already passed legislation postponing the resulting tax increases. But Democrats in the Senate refuse to even look at it, much less vote on it.
So, thanks to today's Democrats, we are about to see a HUGE tax increase.
They still have a few days left. Will the Democrats come to their senses?
Keep in mind that the only reason there's an expiration date on those tax cuts at all, is because various Democrats refused to vote for it unless he put in an expiration date, ten years after he passed them. Originally, George Bush designed them to be permanent cuts, that would not expire.
Republicans have since successfully enacted delays in the expiration but have been unable to eliminate it, due to Democrat insistence that they expire.
Now we are coming up on that (delayed) expiration date, on Jan. 1, 2013. Republicans have again been fighting to get rid of the expiration, but Democrats have been insisting that the expiration take place. Most recently, the Democrat have been saying that they must expire for higher incomes only, while Republicans have stuck to their insistence that nothing expire - that the tax cuts remain permanent.
In a crowning absurdity, Democrat have now announced that it's Republicans' fault that the tax cuts will expire! And this after more than ten years of Republicans trying to get them to get rid of the expiration date and make the cuts permanent, while Democrats, after putting the expiration date in in the first place, have steadfastly fought to make sure they DID expire.
You voted for it, Demmies. Now you can lie in it. And they do, they do.
Keep in mind that the only reason there's an expiration date on those tax cuts at all, is because various Democrats refused to vote for it unless he put in an expiration date, ten years after he passed them. Originally, George Bush designed them to be permanent cuts, that would not expire.
Republicans have since successfully enacted delays in the expiration but have been unable to eliminate it, due to Democrat insistence that they expire.
Now we are coming up on that (delayed) expiration date, on Jan. 1, 2013. Republicans have again been fighting to get rid of the expiration, but Democrats have been insisting that the expiration take place. Most recently, the Democrat have been saying that they must expire for higher incomes only, while Republicans have stuck to their insistence that nothing expire - that the tax cuts remain permanent.
In a crowning absurdity, Democrat have now announced that it's Republicans' fault that the tax cuts will expire! And this after more than ten years of Republicans trying to get them to get rid of the expiration date and make the cuts permanent, while Democrats, after putting the expiration date in in the first place, have steadfastly fought to make sure they DID expire.
You voted for it, Demmies. Now you can lie in it. And they do, they do.
The crowning absurdity is your belief that the Republicans have been trying to do ANYTHING but get themselves re-elected and save themselves from the cancer in their party - otherwise known as the tea party.
The Republican's wouldn't even vote their own Bohner's Plan B - they decided to leave town instead.
Punt.
To the majority of Americans - the Republican party is nothing but a bad joke right now. They stand for nothing; have done nothing but obstruct; and the division within the party is evident to all.
They will find themselves on the wrong side of history while the rest of the world shakes their heads at their stupidity.
So the OP wants the left to accept $1 trillion in cuts to Social Security, Medicare and Medicaid? Get real. The right has once again become a do nothing Congress....seems to be what they excel at. Like usually they want to blame it on the left, but the Teflon is gone it sticks where it belongs... with the Repugs. I expect Boner to lose his role and expect a large turnover of Repugs in 2 years. maybe then we can get something accomplished.
Keep in mind that the only reason there's an expiration date on those tax cuts at all, is because various Democrats refused to vote for it unless he put in an expiration date, ten years after he passed them. Originally, George Bush designed them to be permanent cuts, that would not expire.
Republicans have since successfully enacted delays in the expiration but have been unable to eliminate it, due to Democrat insistence that they expire.
Now we are coming up on that (delayed) expiration date, on Jan. 1, 2013. Republicans have again been fighting to get rid of the expiration, but Democrats have been insisting that the expiration take place. Most recently, the Democrat have been saying that they must expire for higher incomes only, while Republicans have stuck to their insistence that nothing expire - that the tax cuts remain permanent.
In a crowning absurdity, Democrat have now announced that it's Republicans' fault that the tax cuts will expire! And this after more than ten years of Republicans trying to get them to get rid of the expiration date and make the cuts permanent, while Democrats, after putting the expiration date in in the first place, have steadfastly fought to make sure the DID expire.
You voted for it, Demmies. Now you can lie in it. And they do, they do.
You're partially correct...
From the New York Times:
Quote:
Background: Explaining the Expiration Date
Why were the tax cuts given expiration dates, rather than made permanent parts of the tax code?
The bills were written that way because the Republicans had only the slimmest of Senate majorities — in fact, Vice President Dick Cheney had to cast a tie-breaking vote to pass the 2003 bill. To avoid a Democratic filibuster, the cuts were rolled into a so-called budget reconciliation measure, which cannot be filibustered. (It is the mechanism President Obama and the Democrats used to pass health care reform.)
But under Senate rules, reconciliation cannot be used for any bill that would add to the federal deficit after 10 years. The “sunset’' provision that called for the measures to expire meant that the deficit was calculated as if the higher tax rates were back in place for succeeding years, a step Democrats criticized as camouflaging the bill’s true cost.
In the years that followed, Democrats vowed to let the Bush administration’s tax cuts for the wealthiest taxpayers expire as scheduled after 2010. In the 2008 campaign, Mr. Obama called for repealing the tax cuts for the rich in 2010, a year before they would otherwise expire. But once in office, he quietly set aside that promise because of the recession, proposing to let them lapse at the start of 2011 as the original law provided.
The revenue stakes were huge. Ending the tax cuts for the rich would bring additional revenues to the government of more than $678 billion through 2020, the administration has projected. Keeping in place the tax cuts for everyone else would cost nearly $4 trillion, and more counting the interest on that increase to the federal debt.
The 2006 tax bill fell victim to arcane Senatorial rules in order to avoid a compromise or a fight.
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